• Real Estate Deal of the Day November 28, 2019

    Real Estate Deal of the Day November 28, 2019

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    Update: This property just sold since the recording was made.

    MLS Deal Property

    914 Wilcrest Drive N, Houston, Texas 77079

    List Price: $545,000
    Bed/Bath/Pool/Stories: 5/3.1/0/2

    MLS Deal Finder Estimated Value:                            $861,652
    MLS Deal Finder Estimated Discount:                      $316,652
    MLS Deal Finder Estimated Discount%:                   36.75%

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    Real Estate Deal of the Day November 28, 2019

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found a fabulous deal for you, in the Houston market.

    Welcome to our Houston Metros Deal of the Day! Today, we're looking at 914 Wilcrest Drive, North Houston, Texas 77079. Our property is currently listed at $545,000, with an estimated price or today's worth in the market, is already at $861,652. The price was at 599 listed just last 28th of November 2018. You can see that the list price per square foot is at $186.26 and the estimated price per square foot at $294.48.

    So we're looking at a two-story property with one fireplace, two garages, and five beds that built in 1960, with a total square feet of 2926. You also have here the neighboring subdivision and schools, which is, the District 49 Spring Branch, Rumble Creek Elementary School, Memorial Middle School and Stratford High School. You also have here the MLS number as well as the listing agent Clinton. Looking at the public remark, which is personally noted by the listing agent himself. This home has it all circle a drive for off street parking, electric gate replaced, windows guest suite on the first floor with great privacy, fabulous tile floors that looks like wood and unified the downstairs, which was painstakingly open to give that open floor plan. Also, many over-sized masters with a fabulous bath, featuring beaded and large closets. Now let's take a look at our sold comp property. So here it is, if you can see, that is really huge lot size, huge floor plan, great floor plan as well. It's six tear apart and looking at the interior; tiled flooring. There's your dining and the fireplace. So again, it's a two-story house. There's your kitchen with wooden cabinets, granite countertop. Looking at this one bedroom, look at that bathroom with two sinks, and one bathtub. Another bedroom on the second floor, and another view from our kitchen. Here's another one on the exterior part. That's the backyard, here you can see our two car garages. Looking at the sold comps, we have here pre-selected sold comps at the 10th property, which is at 879 Glanchester Drive at 0.29 miles from our subject property, the one highlighted in yellow with 106 recency days. If you can see, we are also looking at a five beds with two and a half bath, 1.5 story, and also you can click your MLS button and you will be able to see the sold comp, as well as the listing agent's information, their phone numbers, and includes showing of instruction. So looking at the other pre-selected sold comp at 13603 Queensbury Lane at 0.48 miles from our subject property, with 97 recency days on to how many days ago that comps were actually sold. So we can also see that we're looking at a two-story with four beds, two and a half bath property.

    Our last pre-selected comp is at 0.46 miles from our subject property, 113 recency days, at 13159 Kimberly Lane.

    So with these pre selected sold comps, looking at the investment summary, we can say that, with an asking offer price of $545,000, an estimated price of $861,652, you have a generous 36.75 discount percentage, and 0.66 rental index score. We could say that this subject property is a very good deal for the day. Of course, with the 36.75 discount percentage, this property is really good for either flipping or wholesaling. You'll also have an IKEA discount or gross discount of $316,652. Now, you can also look at the map view. Looking at the yellow stars, this is where our subject properties currently situated. Here are the other sold comps in the area. If you want to look at a closer look for the view and the neighborhood, you can just drag and drop to Google man on where the yellow star is, that's where a subject property. Looking at the neighborhood, the street view from left to right is quite decent. So well that's it for our Deal of the Day. As always, thanks for tuning in and happy Deal Finding everyone!

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